Who Needs a 401(k) & Health? Half of All Young Workers Want Student Loan Help

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Who Needs a 401(k) & Health? Half of All Young Workers Want Student Loan Help

Sep, 22nd 2016

Half of young workers would rather have this perk than a 401(k) or health care

The movement to make student loan help as common as the 401(k) or vacation days just got a big boost.

Social Finance (SoFi), perhaps the best-known name in student loan refinancing, said Monday that it will offer a platform, called SoFi at Work, that employers can use to make contributions to their employees’ student loans. With the announcement, SoFi is joining a burgeoning industry of tech companies and startups offering to facilitate a student loan benefit for employers.

The growth of the sector and SoFi’s entry into the market is just the latest sign that student loan debt is becoming a nearly universal American experience. Firms are increasingly using offers of student loan help —...

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